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Palo Alto Networks
PANWTechnologyGenerated Sep 5, 2026, 02:29 PM UTC
PANW (Palo Alto Networks) analytical snapshot. Revenue grew +14.9% YoY to $9.22B. 5-year revenue CAGR +16.7%; 10y CAGR +23.5%. Net margin at 12.30% (expanding ▲). Market cap $271.61B at $333.26 per share. Trailing P/E 208.29, P/S 29.45, P/B 9.82. EV/Operating income ≈ 218.23 (EV $271.23B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score -16 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$271.61B
815.00M shares
Price
$333.26
NMS
P/E (ttm)
208.29
Revenue (FY)
$9.22B
YoY +14.9%
Net margin
12.30%
▲ 17.15pp
Free cash flow
$3.47B
37.63% margin
Risk level
Moderate
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score 15Stable
80% conf
Latest quarterly report (10-Q) filed Jun 3, 2026. 14 recent 8-K material-event filings in the index. Recent insider Form 4s: 0 buy vs 0 sell transactions.
- Latest quarterly report (10-Q) filed Jun 3, 2026.
- 14 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 0 sell transactions.
- ~10,000+ recent 13F-HR filings reference Palo Alto Networks; broad institutional reporting.
- Recent filers include MAPLELANE CAPITAL, LLC, Axiom Investment Management LLC, MAPLELANE CAPITAL, LLC.
- 20 recent 13G passive institutional ownership notices.
Latest 10-K
—
Latest 10-Q
Jun 3, 2026
8-K (recent)
14
Insider net
—
0B/0S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| MAPLELANE CAPITAL, LLC | 13F-HR | Feb 14, 2023 |
| Axiom Investment Management LLC | 13F-HR | May 13, 2022 |
| MAPLELANE CAPITAL, LLC | 13F-HR | Nov 14, 2022 |
| Game Plan Financial Advisors, LLC | 13F-HR | Apr 12, 2024 |
| MAPLELANE CAPITAL, LLC | 13F-HR | May 16, 2022 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Sep 1, 2026 | 8-K | 8-K |
| Aug 21, 2026 | 8-K | 8-K |
| Jun 2, 2026 | 8-K | 8-K |
| Apr 13, 2026 | 8-K | 8-K |
| Mar 23, 2026 | 8-K | 8-K |
| Mar 11, 2026 | 8-K | 8-K |
| Feb 17, 2026 | 8-K | 8-K |
| Feb 11, 2026 | 8-K | 8-K |
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -77Deteriorating
70% conf
4 risk signal(s), 1 positive signal(s), 5 watch item(s) detected from XBRL filing diff analysis. 4 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- NEW: Going concern doubt in latest filing: The term "going concern" "substantial doubt" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 3 filing(s).
- Material weakness in internal controls: The term "material weakness" "internal control" appears in 5 recent filing(s) (vs 2 in the prior period). This risk language is ongoing.
- NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 3 filing(s).
- NEW: Restatement of financial statements in latest filing: The term "restatement of" "previously issued" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 2 filing(s).
- Operating cash flow exceeds net income: OCF is 3.28x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Goodwill is 47% of total assets: Goodwill of $21.90B represents a large share of the balance sheet. If acquired businesses underperform, a non-cash impairment charge could materially impact earnings. Monitor segment performance and acquisition integration metrics.
- Endogenous analysis: 4 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 20 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 6 new risk-language term(s) detected in filing text: Going concern doubt, Substantial doubt about ability to continue, Restatement of financial statements, Impairment charge, Restructuring, Off-balance sheet arrangements.
- Ongoing high-severity risk language: Material weakness in internal controls.
Revenue
$9.22B
+14.9% YoY
Gross profit
$6.77B
+13.4% YoY
Operating income
$1.24B
+81.7% YoY
Net income
$1.13B
-56.0% YoY
Operating cash flow
$3.72B
+14.1% YoY
Capex
$246.2M
+57.0% YoY
Total assets
$23.58B
+17.9% YoY
Total liabilities
$15.75B
+6.3% YoY
Filing quality score
80/100
20 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $8.03B | $9.22B | $1.19B | +14.9% |
| Gross profit | $5.97B | $6.77B | $801.6M | +13.4% |
| Operating income | $683.9M | $1.24B | $559.0M | +81.7% |
| Net income | $2.58B | $1.13B | $-1.44B | -56.0% |
| Operating cash flow | $3.26B | $3.72B | $458.4M | +14.1% |
| Capex | $156.8M | $246.2M | $89.4M | +57.0% |
| Total assets | $19.99B | $23.58B | $3.59B | +17.9% |
| Total liabilities | $14.82B | $15.75B | $930.6M | +6.3% |
| Long-term debt | $3.68B | $1.99B | $-1.69B | -45.8% |
| Cash & equivalents | $1.54B | $2.27B | $733.4M | +47.8% |
| Stockholders equity | $5.17B | $7.82B | $2.65B | +51.4% |
| Inventory | $115.9M | $113.4M | $-2.5M | -2.2% |
| Accounts receivable | $2.62B | $2.96B | $346.4M | +13.2% |
| R&D expense | $1.81B | $1.98B | $174.7M | +9.7% |
| Interest expense | $8.3M | $3.0M | $-5.3M | -63.9% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | AccruedLiabilitiesFairValueDisclosure, AssetsFairValueDisclosure, BusinessCombinationContingentConsiderationLiabilityCurrent, BusinessCombinationContingentConsiderationLiabilityNoncurrent, CashAndCashEquivalentsFairValueDisclosure, ConvertibleDebtNoncurrent, DerivativeAssets, DerivativeGainLossOnDerivativeNet, EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents, ForeignCurrencyContractAssetFairValueDisclosure |
| Removed | AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AmortizationOfFinancingCosts, AssetImpairmentCharges, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger, DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss, DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months, DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 3 | 0 | NEW |
| Material weakness in internal controls | high | 5 | 2 | Ongoing |
| Substantial doubt about ability to continue | high | 3 | 0 | NEW |
| Restatement of financial statements | high | 2 | 0 | NEW |
| Impairment charge | medium | 5 | 0 | NEW |
| Restructuring | medium | 2 | 0 | NEW |
| Off-balance sheet arrangements | medium | 5 | 0 | NEW |
| Related party transactions | low | 5 | 0 | NEW |
Filing signal breakdown
Red flags: 4
Positive: 1
Watch: 5
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 45Improving
80% conf
Revenue grew +14.9% YoY to $9.22B. 5-year revenue CAGR +16.7%; 10y CAGR +23.5%. Net margin at 12.30% (expanding ▲).
- Revenue grew +14.9% YoY to $9.22B.
- 5-year revenue CAGR +16.7%; 10y CAGR +23.5%.
- Net margin at 12.30% (expanding ▲).
- Return on equity 14.49%, ROA 4.81%, ROIC 15.88%.
- Gross margin 73.41%, operating margin 13.48%.
- Free cash flow margin 37.63% ($3.47B).
- Net income down ▼ +56.0% YoY.
- Debt/equity 0.07, current ratio 0.86, net debt -$372.5M.
- Asset turnover 0.20 — capital efficiency.
Revenue (FY)
$9.22B
YoY +14.9%
Net margin
12.30%
▲ 17.15pp
ROE
14.49%
ROA 4.81%
ROIC
15.88%
EPS (diluted)
$1.60
FY2025
Free cash flow
$3.47B
37.63% margin
Debt / equity
0.07
Cash $2.36B
Current ratio
0.86
Equity $27.67B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $8.03B | +16.5% | 74.35 | 8.52 | 32.11 | $3.10B | 49.86 |
| 2025 | $9.22B | +14.9% | 73.41 | 13.48 | 12.30 | $3.47B | 14.49 |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score -80Deteriorating
95% conf
Market cap $271.61B at $333.26 per share. Trailing P/E 208.29, P/S 29.45, P/B 9.82. EV/Operating income ≈ 218.23 (EV $271.23B).
- Market cap $271.61B at $333.26 per share.
Market cap
$271.61B
815.00M shares
P/E (ttm)
208.29
P/S
29.45
P/B
9.82
EV
$271.23B
Intrinsic (DCF)
$73.24
-78.0% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score -5Stable
85% conf
Price $333.26 — uptrend (above 200-DMA); 1-month momentum negative. RSI(14) 37.98.
- Price $333.26 — uptrend (above 200-DMA); 1-month momentum negative.
Price
$333.26
NMS
RSI(14)
37.98
50-DMA
$349.30
200-DMA
$233.07
Volatility (ann.)
45.06%
52w range
$139.57–$398.88
-16.5% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.77%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.77%
10Y−2Y
0.41pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score -10Stable
90% conf
Composite risk Moderate. Leverage debt/equity 0.07 (low). Liquidity current ratio 0.86 (stretched).
- Composite risk: Moderate.
Risk level
Moderate
Debt / equity
0.07
Current ratio
0.86
Margin stdev
15.47pp
Cash / assets
5.11%
Liab / assets
40.20%
ProFull breakdown & reasoning locked
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3 sections free · 4 Pro previews · composite -16
Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Palo Alto Networks is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
14.32
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewRevenue grew **+14.9%** YoY to $9.22B..
Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow PANW stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Intuit Inc. INTU | 35 | Supportive |
| CF Industries CF | 34 | Supportive |
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